6242 Vineland Avenue, North Hollywood, CA 91606
  • MLS#: SR25185222 ( Apartment )
  • Street Address: 6242 Vineland Avenue
  • Viewed: 1
  • Price: $5,195,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1989
  • Bldg sqft: 0
  • Days On Market: 75
  • Additional Information
  • County: LOS ANGELES
  • City: North Hollywood
  • Zipcode: 91606
  • Provided by: Ed Koenig IRE
  • Contact: Edgar Edgar
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    VINELAND 19: This investment property, constructed in 1989 and exempt from LA City rent control, is presented at a 5.5 CAP rate and a 11.82 GRM, with potential for increased returns. Situated in the rapidly developing southeast region of North Hollywood, it offers convenient access to NoHo, NoHo West, Burbank, Studio City, Hollywood, DTLA, as well as nearby shopping, dining, and entertainment venues. The Transit Oriented Community (TOC) Tier 3 designation provides tenants with easy access to public transportation. This well maintained asset represents a valuable addition to any portfolio, with recent upgrades including a new roof installed in 2022. PLEASE NOTE: All one bedroom units are spacious singles with a partition wall converting them into a traditional spacious one bedroom layouts. Unit Mix 2 bachelor units (affordable), 14 Singles, 3 two bedroom and two baths. Other Highlights: Gated & access controlled property, combination of open & covered parking, central heat, room refrigerated air, In house laundry (landlord owned and generating income).
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Features
Assessments
  1. Buyer to Verify
  2. Unknown
Association Fee
  1. 0.00
Building Area Total
  1. 14352.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Days On Market
  1. 45
Fireplace Features
  1. None
Fuel Expense
  1. 3675.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 1200.00
Have
  1. 19 unit apartment building w/laundry income
Heating
  1. Central
Insurance Expense
  1. 11500.00
Laundry Equipment Own Lease
  1. Own
Laundry Features
  1. Common Area
Laundry Income
  1. 6600.00
Levels
  1. Three Or More
Lockboxtype
  1. None
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 284976.00
Number Of Separate Electric Meters
  1. 19
Number Of Separate Gas Meters
  1. 19
Otherexpensedescription
  1. Manager
Otherincomedescription
  1. Rents plus laundry Income Only
Parcel Number
  1. 2414001036
Parking Features
  1. Assigned
  2. Carport
  3. On Site
  4. Uncovered
Pest Control Expense
  1. 1104.00
Pool Features
  1. None
Postalcodeplus4
  1. 3724
Professionalmanagementexpense
  1. 25189.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 445330444:CRM
Spa Features
  1. None
Tenant Pays
  1. Electricity
  2. Gas
Totalactualrent
  1. 31887.00
Totalexpenses
  1. 161268.00
Trash Expense
  1. 8578.00
View
  1. See Remarks
Water Sewer Expense
  1. 18237.00
Water Source
  1. Public
Year Built
  1. 1989
Year Built Source
  1. Assessor
Zoning
  1. LARD1.5